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<p>[QUOTE="Morgandude11, post: 1508600, member: 37839"]Yes, it has been that way for YEARS before TPGs, and the brilliant uncirculated coins sold by dealers became AU when it came time to sell them. Obviously, an experienced collector or for that matter, even a newbie, can call any coin whatever he or she wants. I can call my MS 63 a 68 if I want to, and vindicate that grade with my authority and experience. However, that doesn't convey any set numerical or statistically valid reference point for arms length value of a coin--it is just opinion--no disrespect intended, but opinion. It may well be good opinion, and based on years of experience. However, it is still far more subjective than a standardized system of grading and attribution. I remember the "bad old days" quite well, and abuses of grading, attribution and designation were chaotic and singularly based on opinion, with one-sided basis in fact--the fact of the person selling the coin saying "it is a gem." Try reselling the same coin, and all of a sudden, it is "not bad, but has a rub here and there." Too subjective for my liking.[/QUOTE]</p><p><br /></p>
[QUOTE="Morgandude11, post: 1508600, member: 37839"]Yes, it has been that way for YEARS before TPGs, and the brilliant uncirculated coins sold by dealers became AU when it came time to sell them. Obviously, an experienced collector or for that matter, even a newbie, can call any coin whatever he or she wants. I can call my MS 63 a 68 if I want to, and vindicate that grade with my authority and experience. However, that doesn't convey any set numerical or statistically valid reference point for arms length value of a coin--it is just opinion--no disrespect intended, but opinion. It may well be good opinion, and based on years of experience. However, it is still far more subjective than a standardized system of grading and attribution. I remember the "bad old days" quite well, and abuses of grading, attribution and designation were chaotic and singularly based on opinion, with one-sided basis in fact--the fact of the person selling the coin saying "it is a gem." Try reselling the same coin, and all of a sudden, it is "not bad, but has a rub here and there." Too subjective for my liking.[/QUOTE]
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Attribution of PL and DMPL on raw coins
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